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'This Is Huge,' Economist Says as Filing Shows Zuckerberg Getting Ready to Pay California Billionaire Tax

Federal filings released Wednesday reveal how Meta CEO Mark Zuckerberg, one of the richest men in the world, is getting ready to potentially pay a billionaire wealth tax that is on California's November midterm ballot—an indication of the grassroots campaign's impact. "This is huge," economist Gabriel Zucman, an outspoken supporter of the proposed tax,…

Sources (1)· Oct 22, 2:22 PM

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Common Dreams· Oct 22, 2:22 PM'This Is Huge,' Economist Says as Filing Shows Zuckerberg Getting Ready to Pay California Billionaire Tax

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Since

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Axios54m agoWhole story →

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Mark Zuckerberg Cuts Deal With Meta Board To Keep Him From Fleeing CaliforniaZuckerberg considered fleeing California if billionaire tax passes

Daily Caller1h agoWhole story →

Zuckerberg weighed leaving California over the wealth tax. Meta answered with a new class of stockMeta could have raised about $700 billion in equity capital before Zuckerberg lost majority control, a filing shows. The new share class will raise money without diluting him—and allow him to foot a potential bill in California.

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Common Dreams2d agoWhole story →

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Meta classified Zuckerberg as a researcher to claim $355 million tax break on $4.1 billion pay, NYT reportsMeta turned billions of dollars in Mark Zuckerberg’s stock compensation into a research tax break, arguing that its CEO’s work building Facebook qualified him for a federal government incentive for technological research. The company claimed roughly $355 million in tax savings tied to $4.1 billion in stock options Zuckerberg exercised, according to a New…

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California's Proposition 40: What voters need to know about billionaire wealth tax battleCalifornia's billionaire wealth tax, Proposition 40, looks like a close call based on recent polls. Here is what to know before Election Day on Nov. 3.

CNBC36m agoWhole story →

Dem Rep. Kamlager-Dove on Zuckerberg Considering Leaving CA Over Wealth Tax: Need Federal Rules So People 'Can't Cherry-Pick States'On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Sydney Kamlager-Dove (D-CA) responded to Meta CEO Mark Zuckerberg considering leaving the state over a possible wealth tax by stating that there are questions about having a one-time tax, but “it’s disappointing The post Dem Rep. Kamlager-Dove on Zuckerberg Considering Leaving CA Over…

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